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More on Discover (DFS +1.1%) earnings: Of the record quarter, CEO David Nelms credits improved...
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Thursday, June 23, 2011, 10:34 AM ETMore on Discover (DFS +1.1%) earnings: Of the record quarter, CEO David Nelms credits improved loan performance allowing fewer charge-offs, meaning substantial releases of credit loss reserves could be reinvested into growth initiatives.
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cut everyones credit lines and increase rates to 15%
one of the worst companies in the world